July & August is wider on the TZA than the TNA chart because of larger equivolume boxes. Daily Chart TZA Buy Blip Detection (green arrows are shown) along with Daily Chart TNA Buy Blip Detection (red arrows). In July & August TNA has been trading below its wide red (bearish) cloud and TZA has been trading within, below and then within its thin green (bullish) cloud. TNA was turned back down three times at the base of its cloud (last 3 green arrows on the TNA chart). TZA was turned back down once at the top of its cloud (red arrow). TZA is breaking up through its cloud. This appears to coincide with Elliot Wave Minor 3 [iii] (ii). A big TZA breakout may happen real soon...
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